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Feasibility Study. Nizar R. Mabroukeh nizar@ccse.kfupm.edu.sa. What is “Feasibility Study” ?. Something that is feasible is something that can be accomplished.
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Feasibility Study Nizar R. Mabroukeh nizar@ccse.kfupm.edu.sa
What is “Feasibility Study” ? • Something that is feasible is something that can be accomplished. • Such a study is undertaken to determine the possibility or probability of either improving the existing system or developing a totally new one. • A solution (system) is feasible if it is possible within the given context and is competitive with other potential solutions. Nizar Mabroukeh, 2000
Why Conduct a Feasibility Study? • Feasibility study enables the firm to avoid five common mistakes often made in project work: • Lack of top management support. • Failure to clearly specify problems and objectives. • Overomptimism. • Estimation Errors. • The Hardware Approach Nizar Mabroukeh, 2000
Main Objectives of Feasibility Study • Identify true problem. • Identify feasible approach to solve it In defining the problem you must determine the subject, scope and objectives of the study. Nizar Mabroukeh, 2000
Subject: The problem that you hope to solve. • Scope: Range. Here you decide what will be included and excluded from the study. Nizar Mabroukeh, 2000
Objective • Clear statement of what you want to accomplish. • You should specify: • Who is responsible for achieving the goal. • How it will be achieved. • What conditions may prevent success • Who will monitor the successful achievement of this objective Nizar Mabroukeh, 2000
How to conduct Feasibility Study • Interview key personnel to get facts about the problems they are having or the changes and improvements they would like to see. • Study any written procedures relative of the subject of the study before interviewing clerical employees. • Try to learn the informal (unwritten) procedures while interviewing and observing work flow. • Not only must the problem be defined, but its source must be determined. Nizar Mabroukeh, 2000
How to conduct Feasibility Study • Meet again with the involved line managers and go over the findings and conclusions. Rule #1: Do not spring surprises on line managers. Rule #2: Never forget rule #1 • With management’s concurrence, finish the study by analyzing and estimating the costs of performing a full system study, the time and manpower as well. Nizar Mabroukeh, 2000
Feasibility Study Written Report • Define the problem in a way that clearly demonstrates your understanding of the problem. • Clearly describe the subject and scope. • State the objectives and whether you were met or not. • Point out special attention areas, like unusual situations or interrelations between problems. • Describe the entire system or study in details. Nizar Mabroukeh, 2000
Feasibility Study Written Report • List all the economic cost comparisons and benefits. • State recommendations clearly and explain the logic behind each. • Provide a suggested time table for implementation of recommendations. • Include an appendix that shows any flowcharts, Data Flow Diagrams, graphs, pictures, floor plans or layouts not used elsewhere in the report. Nizar Mabroukeh, 2000
After you write the report • Finally, if management accepts your recommendations, the next task is: • Drop the project, if it was not feasible, • or implement the final solutions, if it is a simple fix, • or embark on a complete system study. Document your feasibility study well, because someone else may be assigned to the full system study. Nizar Mabroukeh, 2000
